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12211 North 59th Street
Tampa, FL 33617
Asking Price
$2.99M
Cap Rate
7.09%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
26 Units in Tampa <ul><li>A 26-unit multifamily community in Temple Terrace, Florida (Tampa Bay MSA)</li><li>Favorable unit mix of 100% two- and three-bedroom units</li><li>All new roofs in 2026 and majority of HVAC systems replaced in last six years</li><li>Tile flooring throughout</li><li>Concrete block construction built in two phases —1974 and 1982</li><li>Significant value add potential through unit-interior renovations and common-area improvements which may realize a 21.5% increase in Effective Gross
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NOI
$80,000
Cap Rate
2.68%
DSCR
0.45
Underwater
Cash-on-Cash
-10.87%
Monthly Payment
$14,792.889
Annual Cash Flow
$-97,514.663
